Magna Putih to refurbish building to hold executive and serviced suites

THE 31-storey building (formerly known as Northam Tower) that used to house the Penang High Court on Jalan Sultan Ahmad Shah (popularly known as Millionaires Row) in George Town is now being renovated into the RM200mil Mansion One Resort Residence.

Magna Putih Sdn Bhd director Adrian Tan said the building was now being refurbished to accommodate 306 executive suites and 200 serviced suites.

“The executive suites, with built-up areas of 400sq ft to 1,400sq ft, are sold from RM550,000 to RM1.9mil.

“The executive suites are already 80% sold.

“The serviced suites, with built-up areas of 360sq ft and 860sq ft, will be managed by an international hospitality group for leasing,” he said.

Tan said the Penang High Court, which moved in 2006 and moved out in 2011, occupied levels 2,3, 4, 26, and 27 of the building.

“These five floors totaling 85,000 sq ft where the Penang high court formerly occupied are now being renovated to accommodate the executive suites,” he said.

On the 20,000sq ft heritage building that sits next to Mansion One on the same two-acre site, Tan said the building was now being refurbished for use as a fine-dining restaurant.

Besides the Penang High Court, the building also housed the regional offices of Samsung, ING Insurance and EON Bank.

The executive and serviced suites will be ready in mid-2013.

In 2006, the Penang High Court moved in to the then Northam Tower building, while the old building on a site intersecting Light Street, Pitt Street, and Farquhar Street, underwent renovation.

When the renovation was completed in 2009, the Penang High Court moved back to the old building.

In 2010, the Penang High Court moved back in to Northam Tower till its tenancy expired in end of 2011.

The original Penang High Court building was designed by the engineers of the Public Works Department headed by John Henry McCallum, the Surveyor-General of the Straits Settlements, based in Singapore. The total cost of construction was 206,678 Straits Dollars.

Magna Putih is a Penang-based investment holding company.

The Mansion One Resort Residence is the group’s first property development project.